It is with great pride that I introduce Money Strong. After nearly a decade at the Federal Reserve, I find myself compelled to help educate large and small investors alike about the inner workings of the institution that so captivates the media and Fed watchers. My goal is to shine a bright light on how policymaking within the Fed directly affects not just those on Wall Street, but every citizen of this country, and for that matter, the world.
We stand today at the precipice. Will the Fed ever normalize interest rates? What of other central banks trying to counter any potential tightening? Will there be consequences for this $12 trillion global experiment?
Perhaps what resonates with me most is that nearly 30 years on, since the birth of the Greenspan put, so few lessons have been learned. Money is strong when grounded in investment in the future. But it is weak when built on the shaky foundation of cheap debt.
We’ve been told to look away from the mystery of the Fed. The assumption is that the best interests of the country are safeguarded by this enigmatic group of brilliant academics. But our very destiny hinges on resolving to understand how Fed policy allows our politicians to abdicate their commitment to make the hard decisions that keep the country on a sustainable path to prosperity.
Public pension systems at risk, unaffordable housing, malinvestment, rampant financial engineering by America’s companies, stagnant wages, skyrocketing student debt, millions who have dropped out of the labor force, chronic asset price bubbles. All of these ills lay at the feet of the Fed, which has essentially become the fourth, and most powerful, branch of the U.S. government.
Below read the first feature about my years at the Fed and where I hope my next chapter in life takes me. I hope you will join me.
Sincerely,
Danielle

Aug 26, 2020 Former Fed insider Danielle DiMartino Booth is not a fan of the Federal Reserve, especially now, with its massive money printing campaign. DiMartino Booth thinks “the damage to the economy is permanent” and that’s not the only thing here to stay. The accord DiMartino Booth mentioned was signed in March 1951 and separated government debt management and monetary policy. The agreement eliminated the. Danielle DiMartino Booth: CEO & Chief Strategist for Quill Intelligence LLC: Quill is a research and analytics firm. Prior to Quill, DiMartino Booth spent nine years at the Federal Reserve Bank of Dallas where she served as Advisor to President Richard W. Fisher throughout the financial crisis until his retirement in March 2015. Her work at the Fed focused on financial stability and the.

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May 26, 2021 The latest Tweets from Danielle DiMartino Booth (@DiMartinoBooth). Earning money online 2019. CEO & Chief Strategist, Quill Intelligence LLC @bopinion columnist, Fmr. Craig: Welcome back to the Sprott Money News at sprottmoney.com 'Ask the Expert' series for February 2021. I'm your host Craig Hemke. Joining us this month is Danielle DiMartino Booth. Many of you might be familiar with Danielle. After a lengthy Wall Street career, she spent nine years at the Dallas Fed. She's now an author and an analyst.

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After correctly predicting the housing crash of 2008 and quitting her high-ranking Wall Street job, Danielle DiMartino Booth was surprised to find herself recruited as an analyst at the Federal Reserve Bank of Dallas, one of the regional centers of our complicated and widely misunderstood Federal Reserve System. DiMartino Booth found a cabal of unelected academics who made decisions without the slightest understanding of the real world, just a slavish devotion to their theoretical models.

Danielle Dimartino Booth Money Strong

Now DiMartino Booth explains what really happened to our economy after the fateful date of December 8, 2008, when the Federal Open Market Committee approved a grand and unprecedented experiment: lowering interest rates to zero and flooding America with easy money. Read here the opening of this inside view of the Federal Reserve’s inner workings:

“Until September 2008, when all hell broke loose in a worldwide panic that completely blindsided and, embarrassed the Federal Reserve. The Fed had used billions of dollars in taxpayer funds to bail out Wall Street fat cats. Everyone blamed the Fed.

Just before 9 a.m., the door to the chairman’s office opened. Federal Re- serve Chairman Ben Bernanke took his place in an armchair at the center of a massive oval table. The members of the FOMC found their designated places around the table; aides sat in chairs or couches against the wall. With staff, the room contained fifty or sixty people, far more than normal for this momentous occasion.

In front of each FOMC member was a microphone to record their words for posterity. To a casual observer, the content of their conversation would be obscured by economic jargon.

This day, their essential task was to vote on whether to take the “fed funds” rate—the interest rate at which banks lent money to each other in the overnight market—to the zero bound. The history-making low rate would ripple throughout the economy, affecting the price to borrow for businesses and consumers alike.

Bernanke was calm but insistent. His lifetime of study of the Great Depression indicated this was the only way. His sheer depth of knowledge about the Fed’s mishandling of that tragic period was undoubtedly intimidating.

By the end of the meeting, the vote was unanimous. The FOMC officially adopted a zero-interest-rate policy in the hopes that companies teetering on the brink of insolvency would keep the lights on, keep employees on their payrolls, and keep consumers spending. It would even pay banks interest on deposits.

Free cash. We’ll even pay you to take it!

As they gathered their belongings, everyone shook hands, all very collegial despite the sometimes vigorous discussion. They journeyed back to their nice homes in the toniest neighborhoods of America’s richest cities: New York, Boston, Philadelphia, Chicago, Dallas, San Francisco, Washington, DC.

They returned to their lofty perches, some at the Eccles Building, others to the executive floors of Federal Reserve District Bank buildings, safely cushioned from the decision they had just made. Most of them were wealthy or had hefty defined benefit pensions. Their investments were socked away in blind trusts. They would feel no pain in their ivory towers.

It took a few months, but the Fed’s mouth-to-mouth resuscitation brought gasping investment banks and hedge funds and giant corporations back to life. Wall Street rejoiced.

But the Fed’s academic models never addressed one basic question: What happens to everyone else?

In the decade following that fateful day, everyday Americans began to suffer the aftereffects of the Fed’s decision. By 2016, the interest rate still sat at the zero bound and the Fed’s balance sheet had ballooned to $4.5 trillion, thanks to the Fed’s “quantitative easing” (QE), the label given its continuing purchases of Treasuries and mortgage-backed securities.

To what end? All around are signs of an economy frozen in motion thanks to the Fed’s bizarre manipulations of monetary policy, all intended to keep the economy afloat.

The direct damage inflicted on our citizenry begins with our youngest minds and scales up to every living generation in our country’s midst.”

Click on one of the links below to purchase
Fed Up: AnInsider’s Take on
Why the Federal Reserve is Bad for America.

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Danielle Dimartino Booth Money Strong

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Click on one of the links below to purchaseFed Up: AnInsider’s Take onWhy the Federal Reserve is Bad for America.

Amazon.com | Barnes & Noble.com | Indie Bound.com | Books•A•Million

Danielle Dimartino Booth Money Strong

Danielle Dimartino Booth Real Money Youtube

Click Here to Read Danielle’s Most Recent Newsletter

Click on one of the links below to purchase
Fed Up: AnInsider’s Take on
Why the Federal Reserve is Bad for America.